Inflation Ticks Up to 2.9% in May: What You Need to Know
Canada's annual inflation rate rose to 2.9% in May, up from 2.7% in April, primarily driven by higher service prices, according to...
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Jose Gustavo Salcedo
- Jun 25
- 2 min
Inflation in Canada Unexpectedly Rises in May: What This Means for Future Rate Cuts
In May, Canada's annual inflation rate unexpectedly accelerated to 2.9%, complicating prospects for a potential rate cut in July. This...
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Jose Gustavo Salcedo
- Jun 14
- 2 min
Opinion: Bank of Canada Rate Cuts Won’t Necessarily Reduce Mortgage Costs
There’s been a lot of buzz about how the Bank of Canada’s recent interest rate cuts will boost the Canadian housing market. While it’s...
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Jose Gustavo Salcedo
- Jun 4
- 2 min
BMO Reports Increased Delinquencies, Predicts Prolonged High Interest Rates
In its latest financial report, BMO has noted a rise in delinquencies during the second quarter and anticipates that high interest rates...
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Jose Gustavo Salcedo
- May 29
- 2 min
More Canadians Only Making Minimum Payments on Credit Cards: TransUnion
A new report reveals a growing number of Canadians are struggling with rising credit card balances due to the cost-of-living crisis and...
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Jose Gustavo Salcedo
- May 14
- 2 min
Bank of Canada Report: Financial System Stability and Risks
In its recent Financial Stability Report, the Bank of Canada has provided insights into the current state of Canada's financial system,...
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Jose Gustavo Salcedo
- May 7
- 2 min
Ottawa Real Estate Market Shows Signs of Confidence Amidst Changing Landscape
latest report from the Ottawa Real Estate Board highlights the continued surge in home sales and prices in the capital, with April...
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Jose Gustavo Salcedo
- Apr 30
- 2 min
Equifax Canada Explores Rental Payment Data for Credit Scores
Equifax Canada is on a mission to make credit and financial services more accessible to a wider range of people. The agency is currently...
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Jose Gustavo Salcedo
- Apr 23
- 2 min
What's Brewing in the Spring Housing Market
As winter fades away, many are wondering what the spring housing market has in store. After a series of interest rate holds by the Bank...
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Jose Gustavo Salcedo
- Apr 8
- 2 min
Home Prices to Peak by Next Year, CMHC Report Predicts
The Canada Mortgage and Housing Corp. (CMHC) has released its latest housing market outlook, and it's raising eyebrows. According to the...
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Jose Gustavo Salcedo
- Mar 27
- 2 min
Ontario's 2024 Budget: Housing Policies Under the Spotlight
In the latest unveiling of Ontario's 2024 budget, housing has taken center stage with a slew of initiatives aimed at tackling the ongoing...
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Jose Gustavo Salcedo
- Mar 18
- 2 min
February Housing Starts in Canada Surge by 14%: CMHC Report
In exciting news for the housing sector, February witnessed a notable uptick in home construction across Canada. The Canada Mortgage and...
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Jose Gustavo Salcedo
- Mar 13
- 3 min
Variable or Short-Term Fixed Mortgage? Decoding the ‘Sweet Spot’ in Canada’s Mortgage Market
As the Canadian mortgage landscape experiences rate adjustments in anticipation of the spring market, many are left wondering: is it the...
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Jose Gustavo Salcedo
- Mar 6
- 2 min
Headline: Bank of Canada Holds Interest Rates Steady at 5% Amid Growing Economic Uncertainty
In a move widely anticipated by economists, the Bank of Canada has chosen to keep its key overnight interest rate at five percent,...
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Jose Gustavo Salcedo
- Feb 27
- 2 min
The Latest in Real Estate, Mortgages, and Market Trends
In this edition of Jose Gustavo Salcedo News, we bring you the most important points from the ever-evolving world of real estate,...
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Jose Gustavo Salcedo
- Feb 13
- 2 min
Is it Cheaper to Rent or Buy a House with a Monthly Mortgage in Canada? Prices Analyzed in 26 Markets
To rent or to buy a home in Canada? It's a question many Canadians ponder, especially in today's landscape of shifting rents and mortgage...
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Jose Gustavo Salcedo
- Jan 30
- 2 min
A Closer Look at Canada's Housing Market: Stability Ahead, but No Return to the Rollicking Price Gains
The Canadian housing market is poised for stability in 2024, according to a recent research report from BMO senior economist Robert...
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Jose Gustavo Salcedo
- Jan 22
- 2 min
Welcome Home Niagara Home Ownership Program: Making Homeownership a Reality
Owning a home is a dream for many, and the Welcome Home Niagara Home Ownership Program is here to turn that dream into reality. This...
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Jose Gustavo Salcedo
- Jan 15
- 2 min
Despite easing rates, bank CEOs say clients face $400-$500 monthly mortgage payment hikes at renewal
In a recent update from the RBC Capital Markets 2024 Canadian Bank CEO Conference, significant insights were shared by top bank CEOs,...
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Jose Gustavo Salcedo
- Jan 8
- 2 min
2024 housing market and interest rate forecasts
In 2023, Canadian mortgage holders faced challenges with increased interest rates, but there's optimism for relief in 2024. The Bank of...
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